E2-11 Presented below is the ledger for Sparks Co. Ltd. Journalize account da No. 101 Share Capital-Ordinary No. 31i trial balanc 5,000 (LO 4, 7) Cash 5,000 10/4 650 10/12 3,000 10/15 500 10/30 2,000 | 10/31 Accounts Receivable No. 112 1,100 10/20 940 10/1 400 10/1 10/10 1,500 10/25 2,000 10/10 280 Dividends 300 | No. 332 10/20 300 10/25 600 10/30 Service Revenue No. 400 10/6 10/10 10/20 1,100 650 940 10/6 500 10/20 Supplies No. 126 Salaries and Wages Expense 600| 10/4 400 No. 726 Equipment 2,000 No. 157 10/31 10/3 Rent Expense 280 No. 729 Notes Payable T10/10 No. 200 10/15 3,000 Accounts Payable No. 201 1,500 | 10/3 10/12 2,000 Instructions (a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each. (b) Determine the October 31 balance for each of the accounts above, and prepare a trial
E2-11 Presented below is the ledger for Sparks Co. Ltd. Journalize account da No. 101 Share Capital-Ordinary No. 31i trial balanc 5,000 (LO 4, 7) Cash 5,000 10/4 650 10/12 3,000 10/15 500 10/30 2,000 | 10/31 Accounts Receivable No. 112 1,100 10/20 940 10/1 400 10/1 10/10 1,500 10/25 2,000 10/10 280 Dividends 300 | No. 332 10/20 300 10/25 600 10/30 Service Revenue No. 400 10/6 10/10 10/20 1,100 650 940 10/6 500 10/20 Supplies No. 126 Salaries and Wages Expense 600| 10/4 400 No. 726 Equipment 2,000 No. 157 10/31 10/3 Rent Expense 280 No. 729 Notes Payable T10/10 No. 200 10/15 3,000 Accounts Payable No. 201 1,500 | 10/3 10/12 2,000 Instructions (a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each. (b) Determine the October 31 balance for each of the accounts above, and prepare a trial
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![E2-11 Presented below is the ledger for Sparks Co. Ltd.
Journalize transactions
account data and prepa
No. 101
Share Capital-Ordinary No. 311 trial balance.
Cash
5,000 10/4
650 10/12
3,000 10/15
500 10/30
2,000 | 10/31
Accounts Receivable No. 112
1,100 10/20
5,000 (LO 4, 7)
2,000
10/1
400
10/1
10/10
1,500
10/25
10/10
280
Dividends
No. 332
10/20
300
10/30
300
10/25
600
Service Revenue
No. 400
10/6
500
10/6
1,100
10/10
650
940
10/20
940
10/20
Supplies
No. 126
Salaries and
10/4
400
Wages Expense
600
No. 726
Equipment
No. 157
10/31
10/3
2,000
Rent Expense
No. 729
Notes Payable
|10/10
No. 200
10/15
280
3,000
Accounts Payable No. 201
1,500 10/3
10/12
2,000
Instructions
(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and
20, and provide explanations for each.
(b) Determine the October 31 balance for each of the accounts above, and prepare a trial
balance at October 31, 2017.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb15a60eb-eb09-4b70-bba7-05295534757e%2Fd11842c5-b283-4595-aa1a-bf8d36ac457d%2Fmbqw365_processed.jpeg&w=3840&q=75)
Transcribed Image Text:E2-11 Presented below is the ledger for Sparks Co. Ltd.
Journalize transactions
account data and prepa
No. 101
Share Capital-Ordinary No. 311 trial balance.
Cash
5,000 10/4
650 10/12
3,000 10/15
500 10/30
2,000 | 10/31
Accounts Receivable No. 112
1,100 10/20
5,000 (LO 4, 7)
2,000
10/1
400
10/1
10/10
1,500
10/25
10/10
280
Dividends
No. 332
10/20
300
10/30
300
10/25
600
Service Revenue
No. 400
10/6
500
10/6
1,100
10/10
650
940
10/20
940
10/20
Supplies
No. 126
Salaries and
10/4
400
Wages Expense
600
No. 726
Equipment
No. 157
10/31
10/3
2,000
Rent Expense
No. 729
Notes Payable
|10/10
No. 200
10/15
280
3,000
Accounts Payable No. 201
1,500 10/3
10/12
2,000
Instructions
(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and
20, and provide explanations for each.
(b) Determine the October 31 balance for each of the accounts above, and prepare a trial
balance at October 31, 2017.
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